Payments App - The Winner of Online Transactions

Before demonetization, debit and credit cards were the most preferred choice of payment when dealing with bank transactions. However, a lot of fraudulent activities were carried out that later led to a compulsory rule to enter your PIN but is it really safe to enter your passcode in a public place all the time?

Cumbersome processes coupled with the lack of readily available cash as well as multiple offers online encouraged people to go with a payment app to get the job done. After all, if one app could do it all with the convenience of using your smartphone and keep all your private details saved in a safe, encrypted format, it is bound to become a preferred choice.

Simplifying Everyday Life

Each individual's perspective varies when it comes to using an online payment app to do transactions. But, a major share of people have been found to be using it to simplify their everyday life because they don't deal in large quantities of cash but rather would like to make bill payments with convenience.

A homemaker or a working professional may have an added advantage because when he or she can do postpaid bill payment without having to visit a cellular service provider's office, it is much easy and saves them time spent in traveling or standing in queues. They can also choose to take care of all the essentials such as paying the electricity or the broadband bill. Mobile bill payments for a friend or family member can also be initiated with the app.

In other words, a homemaker or a working professional with a mobile payments app can do all the payments without having to rely on another person.

Efficient Money Management Everywhere

If homemakers gain the advantage to stay at home and pay bills, managing money on the go and getting what you need is an essential for students and tourists. After all, they are often on the move due to various reasons. Wherever they are in India, they can choose to make payments to pay for a shopping at a retail store or pay their phone bill for uninterrupted connectivity while they are on the move.

With all information saved on the payments app, the users just fill in amount, the recipient number and click on payment. Payment apps such as the My Airtel App are capable of automatically acquiring the transaction code from the SMS message allowing one to complete the transactions with a single click.

It is easy to see why a comprehensive and efficient payments app is the winner is everyday life. All types of payments can be carried out with the help of the mobile application on both on the iOS and the Android operating systems. When a person has a smartphone, it's time to make use of it and save time because by making payments on time with the comfort of a phone, users no longer have to worry about penalties or missed payments. From paying for a product or facility to extending help to a loved one, there are many uses of an online payment app.

Still Not Familiar With UPI? Here are Few Things You Should Know

The whole country wants to go into a cashless for the convenience it offers and the Government of India has initiated different steps to make digital transactions easier than ever. The purpose of using a UPI app is to seamlessly transfer money to a retailer or wholesaler business or to your friends and family. The biggest advantage is that you no longer have to carry your debit cards or cash because your smartphone will double up as your wallet.

What is a UPI Payments App?

For those still struggling with UPI, it stands for unified payment interface where cash is transferred using IMPS through your preferred bank. Compared to the conventional NEFT payment system which requires lots of information, IMPS is much faster, reliable and gets the job done with the least number of steps. A UPI identifies a user’s payment system by using a phone number or an email id. The payment system works 24/7, giving you the freedom to do away with the use of credit and debit cards in public places, or feeling helpless if you run out of cash.

How Can You Make Use of a UPI Bank App?

Android is one of the most popular operating systems used in most smartphones in India. For each bank, be it SBI, ICICI or HDFC among many others there is a specific UPI bank app that you could download from the Google Play Store to initiate a transaction. These apps are also available in the app store for Apple iPhone users.

Compared to traditional debit cards and the new age of digital wallets, UPI is much faster and requires minimal steps to send money. Popular services like My Airtel App already make use of this transaction method where you have to enter your login details or the last three digits of your card. An OTP is sent to your phone number which is automatically registered to immediately complete the IMPS transaction.

How Different is UPI App from Payment Gateways and Mobile Wallets?

Mobile wallets are expected to stay in the current market despite UPI app services becoming relevant. Experts opine that because of the sheer popularity of payments apps, people will continue to transact using them as they expand with new offers from time to time along with a range of features. Payment gateways are a completely different platform where a merchant provides security for the money being transacted and safeguards the sender.

At the moment, only a limited apps which use UPI are available because of which the services are much faster and seamless. You can instantly pay vendors to get services or products without disclosing your debit card details or having to enter your secret PIN in a public location.

Safe and Reliable

The reason why it became instantly popular is because of the two-factor authentication used by the services. It ensures no transaction will be complete without your approval and instead of OTP, MPIN is being used for the highest level of security.

One of the best and most trusted UPI app is the My Airtel App which you can use to recharge your smartphone, pay your DTH bill and purchase items. The speedy service of a UPI app will save you time and most of them are fully-authenticated by all recognized Indian banks.